Bitcoin price falls to $65K as $400M crypto market liquidation rocks BTC and altcoins

This content discusses the impact of leverage and volatility in cryptocurrency trading, leading to significant losses and liquidations among traders.

  • [📉] Bitcoin's price plummeted 5% in under an hour on April 12th, causing losses.
  • [💰] Over $49 million worth of losses followed, affecting many traders.
  • [💸] $417 million in leverage positions were wiped out in a single hour.
  • [📉] Liquidations reached a staggering $860 million total.
  • [📉] Rising interest rates and inflation concerns contributed to the market jitters.
  • [🌍] Geopolitical tensions added to the uncertainties in cryptocurrency trading.
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